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Interest (is/is not) a tax-deductible expense, and dividends paid to stockholders (are / are not). The payment of interest reduces the firm's taxes by _____.

Interest (is/is not) a tax-deductible expense, and dividends paid to stockholders (are / are not). The payment of interest reduces the firm's taxes by _____. The after-tax cost of debt in dollars equals ______. The after-tax cost of debt in percentage terms is ______. WACC = _______

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